Start 22 March 09:00 PM GMT
GroestlCoin (GRS) is a new cryptocurrency utilizing the Groestl algorithm for Proof-Of-Work. To cut it short essentially GroestlCoin is about one thing -
making efficient mining possible for EVERYBODY who wants to mine – whether on an old CPU or a new GPU. Here is why:
The Groestl algorithm is possibly
the single most GPU-efficient algorithm implemented in any cryptocoin on the market. A comparison between many different algorithms shows that it has the lowest power consumption, heat, and noise of the array of newer ones being implemented in cryptocoins.
GroestlCoin is also notably
accommodating for CPU mining as well, with only a 5x-10x hash difference between CPU/GPU - a much smaller spread than that of Scrypt coins. In essence this means that everybody, especially including those who can’t afford or want to invest in expensive mining equipment, can mine GroestlCoin and get reasonable rewards. This fact is being proven over and over again by the miners in our growing global community. To quote one of our miners, "Modern AMD GPU is only 5 times faster than my old trusty Q9550! Conclusion: Everyman and his doge can mine Groestl!" Click
here to have a look at what more our miners have to say.
No ASIC currently exists for Groestl & it is unlikely that one will be developed for it anytime soon. GroestlCoin will be
ASIC-free for the foreseeable future.
Through these features GroestlCoin
embodies the fairly distributed & decentralized nature of Cryptocurrency. Anyone can mine effectively, with minimal resource consumption and nuisance.
With the influx of scrypt ASICs we thought decentralized mining will soon be dead, with GroestlCoin it is reborn and taken to another level.
Note: Please always check the official website groestlcoin.org for the latest up to date information.Note: Official Groestlcoin forum is here: http://www.groestlcoin.org/forum/, go there for latest info. This topic will no longer be maintained.Info: -
GPU and CPU friendly (GPU is just 5-10 times faster than GPU, for example Intel Core2Quad 9550 = 1.18Mh/s; Radeon R9 280X = 6Mh/s, Radeon R9 290 = 9.8 Mh/s)
-
Old GPU friendly (5870 is almost as fast as R9 280X)
- Lowest energy and heat when GPU mining (even lower than X11 algo)
- Fast growing community
- ASIC-free
- No multipools
Specifications: - Algorithm: Grøstl (
http://www.groestl.info/)
- Total coins: 105 000 000 GRS
- Coins per block: 512 GRS
- Minimum block reward: 5 GRS
- Block target: 60 seconds
- Difficulty adjustment: DGW (Dark Gravity Wave)
- Block reward reduced by 6% every 10080 blocks, which will occur approximately every 1 week
- Mined coins mature in 140 blocks
- Premine: 240,640 GRS (0.22918095% total), see
http://www.groestlcoin.org/ for details
-
p2p port: 1331
-
rpc port: 1441
Current bounties:
- 100,000 GRS for implementing
merged mining for GroestlCoin and DiamondCoin
- 5,000 GRS for GroestlCoin promotion article in your blog
- 5,000 GRS for making Win32 CPU miner as fast as Win64
-
20,000 GRS for 50% or more performance boost to AMD miner
- 35,000 GRS (10,000 +
25,000) for making ARM CPU miner that will work on Android tablets/phones
-
10,000 GRS for 33% or more performance boost to CPU miner (64 or 32 bit)
- 15,000 GRS for making Win32 and/or Win64 CPU miner achieve 5 MH/s on stock desktop processor with stock cooler (i.e. no Xeons, and no nitrogen)
Website: -
http://www.groestlcoin.org/Twitter: -
https://twitter.com/GroestlcoinTeamReddit: -
http://www.reddit.com/r/groestlcoinIRC channel: -
https://kiwiirc.com/client/irc.freenode.net/#groestlcoinDownloads / Source code: http://www.groestlcoin.org/downloads/Sample GroestlCoin.conflisten=1
server=1
rpcuser=u
rpcpassword=p
rpcport=1441
addnode=groestlcoin.net
-
http://cryptocoinfaucet.appspot.com/?id=GRS - Donation to Faucet:
FjTNDaXTMExn7WQpFQraV33XTzgaC7BJo3Contact info: -
http://www.groestlcoin.org/contacts/ -
https://bitcointalk.org/index.php?action=pm;sa=send;u=289385Donations for bounties and coin promo: - FYEAbFBG3xY5VUtE9GXC56v5UKt4xkoUkb
Useful links (block explorer, reward calculator, etc): -
http://www.groestlcoin.org/links/Exchanges: -
http://www.groestlcoin.org/exchanges/Pools & Mining software: -
http://www.groestlcoin.org/pools/CPU/GPU Miners: -
http://www.groestlcoin.org/pools/Spreadsheet with the optimal config for GPU's and CPUs -
https://docs.google.com/spreadsheets/d/1hTOUdJZrKqrNDXTIbXgNvJtj_fnpECREcs-eHxaGrZc/edit?usp=sharing - Please add your settings to it
Logo artwork (for websites, print, t shirts, etc): -
http://www.groestlcoin.org/grs.png -
http://www.groestlcoin.org/grs.svg -
http://www.groestlcoin.org/grs.eps -
http://www.groestlcoin.org/grs.ai -
http://www.groestlcoin.org/grsclr.png (color hex codes)
